3D Systems Corporation (DDD) Short Interest Update

3D Systems Corporation (NYSE:DDD) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 32,123,209 shares, a growth of 11.3% from the October 13th total of 28,863,328 shares. Currently, 29.4% of the shares of the company are sold short. Based on an average daily volume of 2,644,965 shares, the days-to-cover ratio is currently 12.1 days.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in 3D Systems Corporation by 0.3% during the 2nd quarter. Parallel Advisors LLC now owns 14,683 shares of the 3D printing company’s stock worth $247,000 after purchasing an additional 49 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in 3D Systems Corporation by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,779 shares of the 3D printing company’s stock worth $295,000 after purchasing an additional 75 shares in the last quarter. Stifel Financial Corp lifted its holdings in 3D Systems Corporation by 2.4% during the 2nd quarter. Stifel Financial Corp now owns 19,558 shares of the 3D printing company’s stock worth $367,000 after purchasing an additional 459 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in 3D Systems Corporation by 2.1% during the 2nd quarter. State Treasurer State of Michigan now owns 44,600 shares of the 3D printing company’s stock worth $834,000 after purchasing an additional 900 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in 3D Systems Corporation by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 45,600 shares of the 3D printing company’s stock worth $853,000 after purchasing an additional 900 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of 3D Systems Corporation (NYSE DDD) opened at $8.34 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94. 3D Systems Corporation has a 1-year low of $7.92 and a 1-year high of $23.70.

3D Systems Corporation (NYSE:DDD) last issued its quarterly earnings data on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The company had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. 3D Systems Corporation had a negative return on equity of 5.85% and a negative net margin of 8.01%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. equities analysts predict that 3D Systems Corporation will post -0.3 earnings per share for the current year.

DDD has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on 3D Systems Corporation in a research note on Monday, July 24th. They issued a “hold” rating and a $18.00 price objective for the company. Stifel Nicolaus restated a “hold” rating and issued a $11.00 price objective (down previously from $15.00) on shares of 3D Systems Corporation in a research note on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of 3D Systems Corporation in a research note on Friday, October 6th. Zacks Investment Research upgraded 3D Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $17.00 price objective on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.24.

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About 3D Systems Corporation

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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